Barclays Initiates Coverage on DT Midstream (NYSE:DTM)

Barclays started coverage on shares of DT Midstream (NYSE:DTM) in a research note issued to investors on Friday, Marketbeat reports. The firm set an “equal weight” rating and a $112.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 7.89% from the stock’s previous close.

Several other analysts have also commented on DTM. Stifel Nicolaus raised DT Midstream from a “hold” rating to a “buy” rating and raised their price objective for the company from $89.00 to $106.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. The Goldman Sachs Group raised their target price on DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 19th. Wells Fargo & Company raised their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Citigroup upgraded DT Midstream from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $115.00 in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.88.

DT Midstream Stock Down 1.8 %

Shares of DTM opened at $103.81 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. DT Midstream has a 12 month low of $51.17 and a 12 month high of $109.85. The stock’s 50 day moving average is $101.32 and its two-hundred day moving average is $85.77. The firm has a market cap of $10.09 billion, a P/E ratio of 25.26 and a beta of 0.77.

DT Midstream (NYSE:DTM) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.05). DT Midstream had a net margin of 41.19% and a return on equity of 9.31%. The business had revenue of $248.00 million during the quarter, compared to analyst estimates of $242.64 million. During the same period in the previous year, the business posted $0.94 earnings per share. Analysts predict that DT Midstream will post 3.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DT Midstream

A number of institutional investors have recently added to or reduced their stakes in DTM. UMB Bank n.a. lifted its position in DT Midstream by 324.3% during the third quarter. UMB Bank n.a. now owns 314 shares of the company’s stock worth $25,000 after buying an additional 240 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in DT Midstream during the third quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new stake in DT Midstream during the third quarter worth $29,000. Brooklyn Investment Group acquired a new stake in DT Midstream during the third quarter worth $40,000. Finally, Ashton Thomas Securities LLC acquired a new stake in DT Midstream during the third quarter worth $56,000. Hedge funds and other institutional investors own 81.53% of the company’s stock.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.